Adapt Numbers Statement Of Work For Free

A statement of work is legally binding, but it is not the final, formal contract signed at the end of the contracting process. It can be thought of as the formal foundation of a final contract.

Both parties need to agree to and sign a statement of work (SOW). But what exactly is this document, and how does it fit into the broader landscape of business agreements? Read on to learn more about SOWs, what they are used for, and how to create your own.

The statement of work (SOW) is a legally binding document that captures and defines all the work management aspects of your project. You'll note the activities, deliverables and timetable for the project.

The statement of work (SOW) is a legally binding document that captures and defines all the work management aspects of your project. You'll note the activities, deliverables and timetable for the project.

Many business and family contracts do require a notary by law (buying a house, making out a will, etc.), but a statement of work isn't one of them. Nevertheless, it's possible to sign it with a notary's presence to ensure an extra layer of security about the statement being enforceable in courts.

Elements of an SOW can include: Purpose of the project. Scope of work being performed. Location of the project, project length, and any work requirements. Expected deadlines and deliverables. Acceptance criteria. Any hardware and software required. Performance-based standards to be met.

How to Write a Good Statement of Work Introduce the project. You always begin the statement of work with an introduction. ... Define the vision. ... Set the project requirements. ... Define the scope. ... Set the deadline of the project. ... Allocate key resources. ... Create the schedule. ... Specify the terms of payment and due dates.